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The Tragedy of the Commons in International Fisheries: An Empirical Examination

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Author Info

  • Stephanie McWhinnie

    ()
    (School of Economics, University of Adelaide)

Abstract

Historically, all capture fisheries have proven hard to manage; internationally shared stocks face an additional impediment to effective management. Previous fisheries studies estimate gains from cooperation for particular species or locations, but evidence is lacking on the wider effect that international sharing has in relation to other variables that affect stock status. This paper is an attempt to shed a broader light on the effect of sharing by identifying whether shared fish stocks are systematically more exploited. I compile exploitation status, biological and economic data into a unique two-period panel of more than two-hundred fish stocks from around the globe with which I test the theoretical implications of sharing. The empirical results from ordered category estimation suggest that shared stocks are indeed more prone to overexploitation.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2007-05.pdf
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Bibliographic Info

Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2007-05.

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Length: 26 pages
Date of creation: Jul 2007
Date of revision:
Publication status: Published in Journal of Environmental Economics and Management, May 2009, pages 321-333
Handle: RePEc:adl:wpaper:2007-05

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Postal: Adelaide SA 5005
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Web page: http://www.economics.adelaide.edu.au/
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Related research

Keywords: international fisheries; tragedy of the commons; exploitation status; ordered probit;

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Cited by:
  1. Stefan Borsky & Paul A. Raschky, 2011. "A Spatial Econometric Analysis of Compliance with an International Environmental Agreement on Open Access Resources," Development Research Unit Working Paper Series 05-11, Monash University, Department of Economics.
  2. TAKARADA Yasuhiro, 2010. "Shared Renewable Resource and International Trade: Technical measures for fisheries management," Discussion papers 10035, Research Institute of Economy, Trade and Industry (RIETI).
  3. Diekert , Florian & Lund , Kristen & Schweder, Tore, 2014. "From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery," Memorandum 07/2014, Oslo University, Department of Economics.
  4. Basak Bayramoglu & Jean-François Jacques, 2012. "Fishery Resources and Trade Openness: Evidence from Turkey," Working Papers 2012/02, INRA, Economie Publique.
  5. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-79, June.
  6. Pacheco, Desirée F. & Dean, Thomas J. & Payne, David S., 2010. "Escaping the green prison: Entrepreneurship and the creation of opportunities for sustainable development," Journal of Business Venturing, Elsevier, vol. 25(5), pages 464-480, September.
  7. Van Long, Ngo & McWhinnie, Stephanie F., 2012. "The tragedy of the commons in a fishery when relative performance matters," Ecological Economics, Elsevier, vol. 81(C), pages 140-154.
  8. TAKARADA Yasuhiro, 2009. "Transboundary Renewable Resource and International Trade," Discussion papers 09041, Research Institute of Economy, Trade and Industry (RIETI).
  9. Banzhaf, H. Spencer & Chupp, B. Andrew, 2012. "Fiscal federalism and interjurisdictional externalities: New results and an application to US Air pollution," Journal of Public Economics, Elsevier, vol. 96(5), pages 449-464.
  10. Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.
  11. Antoci, Angelo & Galeotti, Marcello & Russu, Paolo, 2011. "Poverty trap and global indeterminacy in a growth model with open-access natural resources," Journal of Economic Theory, Elsevier, vol. 146(2), pages 569-591, March.
  12. Borsky, Stefan & Raschky, Paul A., 2012. "A Spatial Econometric Analysis of Compliance with an International Environmental Agreement on an Open Access Resource," 2012 Conference (56th), February 7-10, 2012, Freemantle, Australia 124425, Australian Agricultural and Resource Economics Society.
  13. Michael Finus & Raoul Schneider & Pedro Pintassilgo, 2011. "The Incentive Structure of Impure Public Good Provision – The Case of International Fisheries," Discussion Papers 1103, Exeter University, Department of Economics.
  14. Millimet, Daniel L., 2013. "Environmental Federalism: A Survey of the Empirical Literature," IZA Discussion Papers 7831, Institute for the Study of Labor (IZA).
  15. Yasuhiro Takarada & Weijia Dong & Takeshi Ogawa, 2011. "Shared Renewable Resource and International Trade: Technical Measures for Resource Management," ERSA conference papers ersa11p449, European Regional Science Association.

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